If you are in the market for a new job or freelance gig, don’t be surprised if you’re asked to sign a non-compete agreement as a condition of employment. You may also be asked to sign a non-compete at the end of your employment as part of a severance package. Problem is, a non-compete could […]

Most employers provide severance pay only to employees who have lost their job through no fault of their own – such as a layoff or reduction in force. Severance pay varies from employer to employer and may be pursuant to a written policy or simply discretionary. In some workplaces, employees may become eligible for severance […]

If your employer decides to terminate your job, you may be given a severance agreement that requires you to waive your right to sue for wrongful termination based on age, race, sex, disability, and other types of discrimination. A severance agreement is a contract or letter that an employer offers an employee when an employee […]

While employers are not legally required to offer severance packages, most employers provide post-termination benefits to employees in a severance agreement. Severance agreements typically include a compensation package for the terminated employee, along with employer protections. At the end of employment, an employer will often present the terminated employee with a severance package. While the […]

The severance agreement and severance pay being offered to you is the initial offer from the company.  All severance agreements can be negotiated to work on trying to increase the benefits being offered to you.  These benefits usually include the amount of compensation, stock grants or options, continued medical coverage or COBRA, payments of bonuses, […]

Surprisingly, the law does not mandate employers to provide terminated employees with severance packages.  An employee of 40 years can be fired and is not entitled to a severance package of any kind – not even two weeks of pay.  Employers offer severance packages as a matter of corporate convenience.  A severance package is a […]

Can you receive severance and unemployment?  This is a common question that our clients ask about prior to signing the severance agreement.  However, the answer to this question is very fact specific and state specific.  Each state has its own unemployment compensation laws and regulations.  Accordingly, each state will have a different view on whether […]

With so many jobs disappearing due to cut backs and downsizing, severance packages are becoming more and more common. As a result, workers who are laid off are wondering what their severance package should look like. The most common question about severance packages is how much money should I be getting? Much like salaries, severance […]